Eagle Financial Services Inc to Issue Quarterly Dividend of $0.31 (NASDAQ:EFSI)

Eagle Financial Services Inc (NASDAQ:EFSI - Get Free Report) announced a quarterly dividend on Wednesday, April 23rd, Wall Street Journal reports. Investors of record on Monday, May 5th will be paid a dividend of 0.31 per share on Friday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Monday, May 5th.

Eagle Financial Services has increased its dividend payment by an average of 3.2% per year over the last three years and has raised its dividend annually for the last 14 consecutive years.

Eagle Financial Services Stock Up 1.4 %

NASDAQ:EFSI traded up $0.43 during mid-day trading on Friday, hitting $30.58. 33,824 shares of the stock traded hands, compared to its average volume of 27,926. The firm's 50-day moving average is $31.89. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $164.49 million, a P/E ratio of 7.08 and a beta of 0.26. Eagle Financial Services has a 12-month low of $27.02 and a 12-month high of $36.93.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.30). Eagle Financial Services had a net margin of 13.59% and a return on equity of 10.92%. The firm had revenue of $4.78 million for the quarter.

Insider Activity at Eagle Financial Services

In other news, Director Thomas T. Gilpin acquired 1,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $32,000.00. Following the acquisition, the director now owns 50,490 shares of the company's stock, valued at $1,615,680. This trade represents a 2.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EFSI shares. Keefe, Bruyette & Woods assumed coverage on Eagle Financial Services in a research note on Thursday, March 13th. They issued an "outperform" rating and a $40.00 target price on the stock. DA Davidson initiated coverage on shares of Eagle Financial Services in a research report on Tuesday, March 4th. They issued a "buy" rating and a $40.00 price objective on the stock.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits.